Search results

  1. K

    Trading Psychology

    What you can learn on demo account is how to click buy and sell buttons, apply charting functions and tools, open various charts and check price history. Demo account gives zero knowledge about how to build trading strategies but rather how to implement them in trading, trying first in risk-free...
  2. K

    New to Forex Trading

    Better to start with properly regulated fx brokers which have FCA or ASIC regulation like Hotforex, Tickmill or Exness. You will avoid a lot of problems trading with regulated brokers.
  3. K

    An example of the possibilities.

    Youtube is full of deceptive stories about get rich quick schemes however there are some useful videos which hard to find, basically you have to know what find like portfolio optimisation schemes or something like that.
  4. K

    Recommendation for Forex broker?

    Choose brokers that are properly regulated (FCA, ASIC) and have fast execution below 300 ms because it is very important for scalping
  5. K

    New to Forex Trading

    Depends on volatility for Asian sessions I use tight stop loss and it works better, try to incorporate volatility data in trading if you want to avoid frequent triggering of stop losses.
  6. K

    Risk. What is it really?

    Risk is defined as probability multiplied by return of the outcome. Like the outcome where you lose 9K with P=0.01 looks to be worse than the outcome where you lose $150 with P=1, however this is where your perception of risk starts to weigh on your decisions, since 9000*0.01 < 150, i.e. first...
  7. K

    Steps For Beginners

    Understanding what can be your advantage - speed, skill in interpreting financial or macroeconomic data, etc. The biggest problem is there is no exhaustive guide what to learn, internet is full of information but there is a lot of crap, advertising, useless or obsolete strategies like based on...
  8. K

    fx strategies for someone with a full-time job

    you forgot to mention that building automated winning strategy that consistently beats market takes months if not years. But otherwise yeah, at least you will greatly improve your programming skills. Hint: try to jump straight to asynchronous programming, web sockets, http requests (i.e...
  9. K

    The meaning of risk. What does risk mean to you?

    Risk can be also considered as variability of returns. The higher is variance the less is risk-adjusted returns which is one the basic gauges of trading performance. One way to reduce parameter is to use lower-leverage and cut loss at predefined level.
  10. K

    Forex In The Modern World

    If you talk about binary options then probably no, because risk-reward profile on those instruments is quite disadvantageous for you. But regarding options offered on exchange then its quite versatile and flexible product to hedge, speculate or gain some fine exposure to some specific risk
  11. K

    Losing Streak

    You define the number of losing trades that you consider a streak in advance and just stop trading when loss count hits this number.
  12. K

    Challenges as a Forex Trader

    The biggest challenge is finding right trading approach which is based on sound logic rules, avoids using technical analysis BS and also have strict risk control parameters.
  13. K

    Elon Musk & Crypto...

    it's not about Tesla, it's more about integration in the real economy. Adoption as payment option is the key driver for further price rally IMO. Musk with Tesla was probably the strongest link to the real economy and he torn it which caused a kind of pullback in hopes
  14. K

    Why should the past have the slightest predictive power for the future?

    It's not the case for stocks or crypto, assets which exhibit momentum property. That's why its still possible to build winning stuff based on this anomaly however you should clearly determine criteria of a pump or dump which is often based not on price&volume
  15. K

    Challenges as a Forex Trader

    The biggest hurdle for a small investor is time, he has to manage time for his work, family, personal and then trading also, which requires quite a lot of time.
  16. K

    Where to find coming news of super high impact (inflation, etc)

    Dailyfx economic calendar, Thomson Reuters subscription or you can use MT5 as it offer in-built calendar with events, their impact etc. At least I have it in my Hotforex MT5 trading platform.
  17. K

    Challenges as a Forex Trader

    I think overcoming our own biases. For example it often happens that random streak of profitable trades coming after you started to apply some "system" inevitably makes you think that you found right method for trading. If it fails later you start to think that it needs to be fixed not that it...
  18. K

    who is your favorite FX broker??

    Yes it's great broker, EA tests conducted there and with Hotforex showed results which were significantly better and taking into account that my algos are very execution sensitive, the results said a lot about quality.
  19. K

    Demo Forex

    Have u personally? Any volume requirements to withdraw live account prize?
  20. K

    How do i know, which broker is the best?

    How could a broker restrict hedging? I mean it can stop offering trading of some asset due to low liquidity, volatility, coming delisting but I don't understand the meaning of hedging restrictions. Could you please explain? also if you trade FX CFD there are no hedging option unless you lock...
Back
Top